[Chart courtesy of MarketWatch.com] Moving the Markets Even the Fed with their announcement of leaving interest rates unchanged could not prevent the major indexes from slipping for the 7th day in a row, which represents their longest losing streak in 5 years. However, when looking at the actual numbers it translates to a loss of only -2.5% for the S&P …
Slipping And Sliding Towards The Elections; Moving Closer to A Domestic Sell Signal
[Chart courtesy of MarketWatch.com] Moving the Markets Things looked dicey for a while as the major indexes headed south driven by mixed economic data, election-related news and concern over prospects for higher interest rates. The S&P 500 briefly touched the 2,099 level before bouncing higher as a modest afternoon rebound limited today’s losses. Today’s close was the lowest since July …
Major Indexes Flat Among Election Doubts
[Chart courtesy of MarketWatch.com] Moving the Markets You could consider this a “non-day” as the major indexes vacillated predominantly above their unchanged lines but ended up as close to zero losses as you can get. Fallout from Friday’s disclosure by the FBI about resuming the probe into Hillary’s use of an unauthorized email system shifted into high gear and caused …
ETF Tracker Newsletter For October 28, 2016
ETF Tracker StatSheet ————————————————————- https://theetfbully.com/2016/10/weekly-statsheet-for-the-etf-tracker-newsletter-updated-through-10272016/ ———————————————————— Market Commentary FBI Announcement Kills Market Rebound [Chart courtesy of MarketWatch.com] Moving the Markets The surprise came out of left field, as the markets were enjoying a modest rebound, in form of an FBI announcement that it will investigate new emails related to the Democratic nominee Hillary Clinton. That’s all it took and the …
Equities Dip As Interest Rates Spike
[Chart courtesy of MarketWatch.com] Moving the Markets Finally, at least for one day, stocks and bonds were correlated again, something we have not seen in a while, and this may be a harbinger of things to come. Bond prices dropped as yields rose and stocks headed south early on, recovered mid-day, but the rally faded into the close leaving the …
Oil Leads Equities With Pump-And-Dump Theme
[Chart courtesy of MarketWatch.com] Moving the Markets Equities started the day on a weak note when oil prices suddenly got pumped to touch the $50/barrel point before being dumped and ending the day down -1.62%. The S&P 500 followed suit but managed to limit its losses to a meager -0.17%. Apple weighed on the overall market and closed down -2.25% …